Yes, P-C, it happens all the time. It’s actually better than it used to be with the regulations that went through last year.
We deposited it on Tuesday. They will release the first chunk today but won’t release the rest until next Tuesday. If we didn’t have rent checks for the house and office and two weeks of payroll to worry about, this might not be a problem. As it is, it’s a problem.
Yeah, they do it all the time. We were in the same sitch recently, Pix, and a donor ended up wiring the money in, because at least then it wouldn't sit. But we got hit with fees anyway.
My sistah in bank hatred, Liese.
Ugh, that's frustrating, Pix. I mean, I find it frustrating just in terms of bill paying, but for a small business that would be brutal. I hadn't thought it through before.
I have ginger ale and I have pistachio gelato. I wonder what kind of float that would make?
A full week is a lot, even by crappy bank standards. That really sucks, Pix.
I have ginger ale and I have pistachio gelato. I wonder what kind of float that would make?
Possibly a crazy awesome one?
I always wonder, in this electronic age, why no one ever has to take extra time to get money *out* of our accounts!!!??
In the non-electronic age, deposits were available the next day, so it sort of seems like bank BS.